Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

General Motors (NYSE: GMC)

Market InsanityOpportunities

Uber Thrown out of London

News stories did not say how Uber’s new CEO Dara Khosrowshahi will react to the situation. Although he certainly has his work cut out for him, a major job for Khosrowshahi will be to figure out a way to get rid of former Uber CEO Travis Kalanick and his sleazy associates.

Uber survived failure in China, but the debacle in the UK might be too much. One thing is clear, Uber will no longer be the world’s most valuable unicorn.

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Alphabet, Avis & Chrysler Team Up to Offer Ride-Hailing with Self-Driving Vans

The deal is potentially a big one because Waymo plans to deploy up to 600 self-driving Pacificas in Phoenix. A big winner here is Fiat Chrysler Automobiles (NYSE: FCAU) which will supply the vans and undoubtedly get a boost for its stock.

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